Urstadt Biddle Properties Inc. Announces Quarterly Dividends on its Series D Senior Cumulative Preferred Stock & Series F Cum...
May 28 2013 - 4:36PM
Business Wire
The Board of Directors of Urstadt Biddle Properties Inc. (the
“Company”) (NYSE: UBP.PRD and UBP.PRF) today declared the regular
quarterly dividends on its 7.50% Series D Senior Cumulative
Preferred Stock (“Series D Preferred Stock”) and 7.125% Series F
Cumulative Preferred Stock (“Series F Preferred Stock”). The
dividends were declared in the amount of $0.46875 for each share of
the Series D Preferred Stock and $0.4453125 for each share of the
Series F Preferred Stock and are payable on July 31, 2013 to
stockholders of record on July 19, 2013.
The Board of Directors of the Company expects to declare regular
quarterly dividends on the Company’s Class A Common Stock and
Common Stock at the Company’s next regular Board meeting. The
dividends on the Series D Preferred Stock and Series F Preferred
Stock were declared in advance of the meeting in connection with
the May 29, 2013 redemption of all shares of its 8.50% Series C
Senior Cumulative Preferred Stock, which redemption was previously
announced on April 25, 2013.
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust providing investors with a means of
participating in ownership of income-producing properties with the
liquidity of being listed on the New York Stock Exchange since
1970. Urstadt Biddle Properties Inc. owns or has equity interests
in 64 properties containing approximately 5.1 million square feet
of space and has paid 174 consecutive quarters of uninterrupted
dividends to its shareholders since its inception and raised its
dividend to its shareholders for the last 19 consecutive years.
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